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Strategies & Market Trends : Technical Analysis - Beginners

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To: Trader X who wrote (11394)	2/6/2001 4:42:13 PM
From: Michael Watkins	Read Replies (1) of 12039

TraderX Respectfully, I disagree. A hammer is simply the candle pattern described, and it must found during a decline in order to be a hammer. What happens tomorrow may invalidate the hammer, sure. If that's what you mean by confirmation, then we agree. However if one looks at a 'hammer-like' candle, its simpler to avoid the apostophe and -like and call it a hammer. What happens the next day will determine if one makes money from it or not. Either way - confirmation or failure, a trader can exploit the 'hammer-like' candle. We can agree to disagree or if you have some links to the definitive guide on hammer candles, I'm all eyes.

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